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Fed Approves New Rules For Mortgage Loans … Too Little Too Late
The Federal Reserve approved new rules for home mortgage loans to protect consumers from questionable lending practices. Most of the new rules apply to subprime owner occupied home loans and go into effect 10-1-09. Two of the best of these new loans are: The lender must...
Anxious customers line up at IndyMac to withdraw money
Worried customers lined up outside IndyMac to withdraw their money this morning. IndyMac was seized by federal investigators on Friday. The Federal Deposit Insurance Corp automatically insures customers... If America Is an Empire, then Why Is Gas So Expensive?
"If America Is an Empire, then Why Is Gas So Expensive? Imperial considerations. By Thomas F. Madden America has become an empire. Everyone says so. This is a surprise to most Americans, since few imagined that they were building such a thing. But, as historians such as... Nigeria makes progress on stolen cash
Nigeria is a oil rich country but the majority of its people have no power or running water or flushing toilets in their shanty style houses. There are high unemployment rates and mass poverty driving many to break... The Bush administration fails to stop al-Qaida in Pakistan - By Arthur Delan...
" The New York Times leads with a big story on the growth of al-Qaida in Pakistan and the Bush administration's waffling over plans to give commandos greater latitude to operate in the country's tribal areas. The Washington Post leads locally with the surprise death of a...In a plane crash safest seats are in aisle
There is really no location on an airplane that is significantly safer than another. Sadly, there is no magic seat on an aircraft. There is, of course, an element of luck. If you sit in the back and there's a fire in... Toronto: Nortel Fraud Charges
OpinionBarry Artiste, Now Public ContributorScandal plagued Nortel takes another hit as their CEO Frank Dunn and two other exec's face fraud charges. Nortel for close to a decade had been accused of everything from... Relief Money Used for Nike Runners
Can you believe this? Staff at a branch of ICBC, the biggest bank in China, used relief fund to buy themselves 56 pairs of Nike runners. Misappropriation of funds had always been a concern, but you would have never... BBC uncovers lost Iraq billions
"BBC NewsHenry WaxmanWaxman: "It may well turn out to be the largest war profiteering in history."A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted... MS users Screwed Again? Hackers Gain System-Level Access To Vista
This article is more appropriate for Jordan, Cynthia Yoo or other NowPublic geeks and techies. It is presented here in it's entirety, and comments on how Linux-savvy users can use one of that OS's distributions to take control of a third person's Vista run computer. The...British Government releases UFO files
The UK government has unveiled its secret UFO files, and the contents are sometiems surprising, sometimes amusing."The most comprehensive Government files on UFO activity are opened to the public for the first time today and they disclose that even air traffic controllers and... A dearth of news accounts from Myanmar
The LA Time's coverage of the Cyclone discusses NowPublic's role:"Previous disasters have proved to be opportunities for "open-source" reporting, in which citizens post photographs, videos and written accounts that... Samsung Chairman Indicted on Tax Charges
In an extraordinary case, the chairman of Samsung is facing indictment on tax evasion charges."The chairman of Samsung Group, Lee Kun-hee, was indicted Thursday on charges of evading taxes on billions of dollars...Canada: RCMP Seize Assets Linked to Terrorism
OpinionBarry Artiste, Now Public ContributorIf found guilty as previous convictions against the Tamil Tigers Organization in 2006, just another case where Refugees escaping War and Violence in their Homeland look to...18-year-old hacker convicted in New Zealand
Amazing that someone so young could commit such an enormously complex crime."A New Zealand teenager accused of involvement in an international cyber-crimering which skimmed millions of dollars from bank accounts has been convictedof illegal computer hacking.Owen Thor Walker,...
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